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ABC
Dec 6, 2012 4:30am EST
the fiscal cliff. there's a possibility if the white house and congressional leaders could resume negotiations. president obama call don banner to discuss ways to avert this. congress's joint economic committee will hold. today on how the fiscal cliff could affect the middle class economic growth, and the deficit. >> it's 35 degrees on this thursday morning. next, an unusual decision by judge. >> which of two people with a criminal past deserved to go to annapolis to represent prince george's county? greg good morning and welcome back. right now we are little busy on the maryland beltway. not seeing any delays for now but prepare for the morning rush-hour. this is footage from a tractor- trailer that overturned loaded with boxes of pineapples. leaving college park and to 270 the right lane will be blocked the entire morning rush hour. they're waiting for a truck to offload the boxes. john gonzalez will have more details later. but the right lane will be blocked through the morning rush hour. after 9:00 we will try to get that back on its wheels. how about the forecast? >> 36 degre
FOX News
Dec 3, 2012 12:00pm PST
to president obama's plan to keep us from falling over the fiscal cliff after the white house sent geithner to the hill last week outlining the democrats' plan which the republicans called "a joke." we are less than a month from going over the fiscal cliff and the term economists call the series of spending cuts and expiring tax breaks that will take effect the first of the year. that could cost millions of jobs and lead to a new recession. it is basically austerity on steroids. republicans with their counteroffer today again reject the president's plan if higher taxes on families earning more than $250,000 a year. wendell is live at the white house. if they reject that i don't know how far this will go. the president could blink but his eyes seem wide open. >>reporter: it is a nonstarter if they reject continuing the upper income tax cuts. the republicans say the plan cuts the deficits by $4.6 trillion based on the white house method of counting based on the recommendations of the president's deficit reduction commission but the president could disagree. the republicans say the plan would
CBS
Dec 6, 2012 5:00am EST
. the white house is saying publicly it will let the nation go over the fiscal cliff if republicans don't fall in line with the president's demands to raise taxes on the rich. the g.o.p. is pointing fingers, too. you don't have to look too hard in washington these days to see the fiscal cliff theater. >> nobody wants to get this done more than me. >> our goal is to make sure it gets solved. >> the president is ready, willing and able, waiting to be able to sit down and seriously negotiate this. but they have to be willing to come to the table with specifics. >> the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer where we're going. >> some lawmakers are actually going back home to their districts. congress has little scheduled business for the rest of the week. house speaker john boehner is saying that's not going to stop negotiations though. in the meantime pentagon officials say the white house has ordered the military to start planning for the possibility of cutting $500 billion from its budget over the next decade in case no fiscal clif
CBS
Dec 4, 2012 7:00am PST
that if this is not good enough for the white house, we will go over the fiscal cliff. >> the white house rejects a republican counter offer. >> john boehner sent a proposal that offers more than $2 trillion in deficit reductions but no tax increase. >> he will not sign an extension of the bush era tax cuts for the top 2%. >> folks worried about the fiscal cliff, are you like me? are you worried about it and have no idea what it is? >> according to state tv iran's revolutionary guard captured a u.s. drone after it entered the iriranian air space over the persian gulf. >> but u.s. navy official says there are no missing drones. >> prince william and his wife katherine, expecting their first child. >> after the duchess was admitted to hospital. >> that child could grow up to be one of the most powerful unemployed people in the world. >> a search is under way in new york for a man accused of pushing another man to his death in the subway. >>> rg3, he made opportunities. >> 17-16 washington redskins. >> all that -- >> why don't you shut up? >> you are an embarrassment. >>
FOX News
Dec 3, 2012 3:00pm PST
the fiscal cliff. which some democrats speculated might happen to their benefit. >> this is the way the white house and many democratic members and leadership believe. we will go over the cliff. tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats contemplated going over the cliff in recent days. perhaps in hopes of gaining leverage. >> if the republicans don't agree with that, we reach a point where all the tax cuts expire and we start over next year. >> form every republican senate aide said it would be hard to blame one party. >> i think they realize that both sides will be culpable if we go over cliff. >> house speaker john boehner says going over the cliff i
FOX Business
Nov 29, 2012 11:00am EST
the president's fiscal cliff plant to republican house speaker john bain and not buying it. he just said white house needs to get serious and the markets are turning lower. also had fiscal cliffs survival kit home additions that you contain right now to prepare. dennis: blamed superstorm sandy. retailers playing the blame game for week november same store sales. analysts already asking what it really the storm or the economy did pull those numbers down? cheryl: we are watching a power ball conference this hour with more details expected on the two winners of the $580 million record jackpot from missouri and arizona. of gone home to buy my ticket. dennis: stocks every 15 minutes, nicole petallides, for the stock exchange where stocks the suddenly lower on more cliffphobia. nicole: i can say in the wall street traders saying every headline out of washington moving this market, fiscal cliff phobia is a good way to say it, whatever you want to call it we have seen so many dramatic moves in the market, a particular companies making moves in preparation or all been wary about the fiscal cliff, let's
CNN
Dec 4, 2012 1:00pm PST
averting the fiscal cliff, but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> i know that the president wants a deal and he didn't try to handicap it. >> reporter: earlier this week, he told so-called middle class americans on twitter, keep pressure on congress. he's even ventured outside the beltway rallying supporters to do just that. >> i'm going to be asking for you to be making your voices heard. >> reporter: why isn't he calling speaker boehner? >> we speak frequently. >> reporter: when will the two of you sit down in a room? >> i don't think the issue right now has to do with sitting in a room. >> reporter: in part, the white house was burned with the negotiations in 2011 when lots of meetings failed to stave off a fiscal nightmare. but there's another strategy at play. some in the administration say they learned in the first term the best way to break washington stalemates, rally the public to their cause. here's how the president put it to cbs news. >> so getting out of this town, spending mo
FOX News
Dec 2, 2012 9:00am PST
on fox news sunday. discussing the stalemate of the fiscal cliff between white house and republicans on capitol hill. i sat down with the anchor chris wallace to hear more about the exclusive interview interviews. >> you had two key players. >> we had tim geithner the point man for president. and john boehner, the point man for the congressional and house republicans. >> geithner made the offer to boehner on thursday. boehner said, tells us, he was flabbergasted and said you can't be serious. it called for doublebe what the president talked about in public. not $800 billion in new revenue but $1.6 trillion in revenue. only $600 million in entitlement and spending cuts. well, that is not one to one or three to one. more revenue than spending cuts. they are really far away now. i understand negotiations. i understand opening bid. for first time, it occurred to me they might not get it done. >> you get a sense hearing from both of them that is a real possibility. what do you make of the negotiation of the tactic? it seems like what secretary geithner behalf of the president brought to t
FOX News
Dec 5, 2012 2:00am PST
that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarthy said yesterday the speaker moved to the middle by putting revenue on the table. jay carney also said the boehner plan is quote pagic beans and fair redust. >>> peter doocy, live in washington. thank you. >>> chaos in cairo. egyptian president mohammed morsi returning to the presidential palace overnight. he left amid clashes between police and 100,000 protestors. look at that. they are outraged over her recent power grab. it shows t
FOX News
Dec 3, 2012 6:00am PST
's economy goes over the so-called fiscal cliff. the white house and congressional republicans said to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we
MSNBC
Dec 3, 2012 10:00am PST
full-fledged fiscal cliff. >> chris cizilla, what about bringing up the debt ceiling as they did in this opening bid for the white house. they say that this has to be part of any agreement. the president does not want to face this couple of weeks down the road in january. >> and understandably so, andrea, but i -- i guess you never say never, and so let's put it there. i can't imagine that republicans would give on this -- this is something that has always been done by congress. push back and say something always done by congress and until the last few years was never controversial in the least and looks like it will be controversial certainly the next debt limit in late february, early march. i can't imagine, it seems like a bridge too far. it seems like you put it out there, and use it knowing you're not going to get it, use it as one of the concessions you're willing to give to get to a deal. i'm with chuck. i still remain somewhat optimistic, but i do think there is -- you can make a political argument that going over the fiscal cliff, may be in democrats' best political inte
FOX Business
Dec 3, 2012 5:00pm EST
out their fiscal cliff counteroffer to the white house. includes $800 billion in new tax revenue. that is roughly half what the president was aiming for. 300 billion in discretionary spending cuts. 900 billion in mandatory spending cuts. now the white house responding just moments ago saying quote, the republican letter released today does not meet the test of balance. they don't like it. i'm joined by dan mitch chill from the cato institute for more on this. dan what do you think. these are a lot of things to occur just in the past few hours. do you feel like there is progress being made? >> there is progress but progress in the wrong direction. the number one thing to understand already even if all the tax cuts were made permanent, tax revenues projected to grow by 6.2% a year. so what they're really debating about how much should it grow even faster than that in order to enable bigger government. 100% of our fiscal problem is on the spending side. obama is being very inflexible on that. republicans i'm afraid will get taken to the cleaners just what happened in 1990 when read
CNN
Dec 6, 2012 1:00pm PST
to actually go over the fiscal cliff. just one day after the treasury secretary said the white house is absolutely prepared to do just that under certain circumstances a leading economist is echoing those sentiments. >> i would not come up with a deal unless it's a really good deal before the end of the year. i would take it into next year if that means you're going to get a better deal. >> let's bring in our senior congressional correspondent dana bash. dana, democrats are saying this is either raise tax rates for the wealthy or they are prepared to go over the cliff. there must be a lot of fear up there about all of this. what are you hearing in the halls of congress? >> reporter: there's a lot of fear. there's no question on both sides of the aisle. even top republicans disagree with that. even republicans who don't want to give on that big issue dan talked about, tax rates for the wealthy. john kyle, number two republican in the senate i spoke with him and he said he thinks any deal would be better than going over the cliff. the reason is because there's so many problems, real li
CNN
Dec 4, 2012 6:00am PST
's plan to avert the fiscal cliff. guess what, the white house rejected it, calling the gop proposal unbalanced and not serious. translation? no tax hikes on the wealthy so democrats said forget about it. we thought you should take a look. it totals $2.2 trillion in deficit reduction over ten years. the part that stood out to us was $600 billion in proposed savings in medicare reforms. how? in part by raising the age of eligibility to 65 to maybe 67. turning down the gop proposal, dan pfieffer said, quote, it provides no details on which deductions they would eliminate, which loopholes they will close or which medicare savings they would achieve." let's head now to the white house and dan lothian. the white house will not offer a counter proposal, right? what's going on here? >> reporter: well, you know, i think the white house is digging in. the president said early on in this process that he would only sit down and really move forward, negotiate on this in any meaningful way if the tax hikes for the wealthy expired. and republicans have been pushing back on that -- tax breaks rathe
FOX Business
Dec 4, 2012 11:00am EST
pulling off their own plan to deal with the fiscal cliff. connell: the white house predictably saying, no deal. the parameters are there now. we can start to imagine what a deal may look like. >> i think that is right. they have been adamant in saying we want more revenue. they have kept the rates down. they have had spending cuts. i think they will find a deal just over a trillion in revenue. dagen: it is a turnaround for the republicans to say that we will raise revenue. how they get to it is very different from anything we have heard from president obama. >> i think that the president and the democrats are dug in. they want to raise the marginal tax rates for the upper earners of america. they are willing to allow a deal to lapse rather than have the tax rate rise. connell: maybe there is not a deal taking shape. they could say something like, we will raise these rates, but instead of $250,000, it has to be $500,000 or $1 million. there are ways to play a round with this. >> i think the republicans would lose, frankly, being the majority in the house. if they go ahead and give the
CNN
Dec 3, 2012 1:00pm PST
're getting more reaction now from the white house to the fiscal cliff counteroffer that house republicans have put forward today. let's go back to our chief white house correspondent, jessica yellin. she has new information for us. jessica, we heard white house's blistering public response to speaker boehner's counterproposal. but will they sit down to actually negotiate where things stand now? >> reporter: well, wolf, in response to this offer, they are not going to sit down and negotiate. they will be open to talking. they will be open to receiving phone calls. but, you know, the white house has said that if speaker boehner presents a counteroffer in response to what secretary geithner presented last week, they will begin negotiations, they think this is not a serious offer and so they say this will not be the start of those negotiations. >> what is the one thing the white house hates the most about this republican counterproposal? >> reporter: the fact that it does not raise rates on the wealthy. they say that it actually would reduce rates on the wealthy. they argue that it also doesn
FOX News
Dec 4, 2012 6:00am PST
the white house has rejected the counteroffer from house republicans in the fiscal cliff negotiations. let's take a look at the gop offer. this is their version. it cuts $2.2 trillion from the deficit over ten years. that number also includes entitlement reforms raising the age for social security and medicare and so forth as well as $800 billion that they say they would throw into the pot in new tax revenue that would come from tax reform, from cutting tax loopholes and the like. joined now, very pleased to have with us california republican ken mccarthy, the house majority whip. congressman, welcome. good to see you this morning. >> thanks for having me. martha: so you put your number out there, you know, all kinds of response across the board this morning saying that it is, you know, equally laughable, ridiculous. there's no way that the white house is going to counter that offer. what do you think about that? >> well, i think that's sad, because think about what this president said when he campaigned. he said he wanted a balanced approach. he said he wanted 800 billion in revenue and 8
FOX Business
Dec 3, 2012 1:00pm EST
at 2 p.m. eastern time, about the fiscal cliff all part of the white house's my2k twitter campaign w-9 president drumming up support for taxes on the rich. george hw bush in stabbe condition after receiving stream for a bronchitis-related cough. the 88-year-old has been in the hospital for a week receiving treatment visited by several of his children including former president george w. bush. the royal family getting a new member. the st. james' palace saying they are expecting a baby. the queen and members of the both pams are delighted with the news. the duchess is in the very early stages of pregnancy. those are the head lines. >> oh, that's fun. a royal baby. >> yes, thank you, lauren greern. >> sure. >> to charlie, the president must want fat cats to support the plan to end the fiscal cliff impasse. we have the behind the scene meetings between the executives. >> caught a lot of people by surprise. it was last week where deputy secretary of state, tom nides, went to the city, held a series of meetings, which senior wall street executives, the two meetings i know about, larry fink,
PBS
Nov 29, 2012 6:00pm PST
the democrats of not offering any serious proposals to avoid going over the fiscal cliff and shortly after the white house and the democrats answered that the republicans had not offered any of their own plans. is this something that's going to be able to be taken care of while you're still a representative or is it going to land in your lap when you move to the other chamber? >> you know, i hope we get it done, obviously. we want to avoid the cliff. it is a little troubling that we don't have any real plans or offers on the spending side. i think on the revenue side it's pretty clear by knew republicans are willing to give up more revenue, but we've got to see a balance. there's got to be spending cuts and if those have been offered, i'm not sure what they are. >> suarez: are you one of those members who's staked out a position on whether it has to be rates or effective revenue and not rates? >> well, i think it can be effective revenue. obviously it depends on where you put the level of deductions that can be taken. so i'd rather not raise rates at all. i think it can be done without tha
CBS
Dec 6, 2012 7:00am PST
to go straight over the fiscal cliff. major garrett is at the white house. major, gd morning. >> reporter: good morning, charlie and norah. the president will cross over the potomac into northern virginia to meet with a family who says their taxes don't go up, they'll be happier and spend more money. that's the pr side of this. much more important, the context of the deal, keet players yesterday picked up the phone. phone call relatively brief and substantive. details remain elusive. it was shorter, sources say, to last week's 28-minute conversation described them as curt, direct and frank. no one familiar with this call used such barbed words. it also occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember, it's only 2%. >> reporter: that danger not enough to keep congress in session. it's already quit for
CBS
Dec 6, 2012 7:00am EST
to go straight over the fiscal cliff. major garrett is at the white house. major, good morning. >> reporter: good morning, norah and charlie. later on this afternoon the president will travel across the potomac river to northern virginia to meet a middle-class family to make the self-evident point if the there is a deal and taxes are raised by about $2,000 they'll be happier and spend more money. that's the p.r. side of this. much more importantly, for the deal, the two key players yesterday picked up the phone. the phone call relatively brief and substantive, though details remain illusive. shorter, sources say. the last week 28-minute conversation described then as curt direct and frank. no one with this call used such barbed words and occurred before treasury secretary tim geithner laid down this harsh fiscal cliff marker. >> if the administration, are they prepared to go over the fiscal cliff? >> absolutely. no prospect or agreement that doesn't involve those rates going on on the top 2%. remember, only 2%. >> reporter: that danger? not enough to keep co
FOX News
Nov 29, 2012 3:00pm PST
tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real problem is the republican
FOX News
Dec 6, 2012 8:00am PST
ago. he was asked flat out is the white house ready to go over the fiscal cliff and boom he says, absolutely, as if that is a good thing. i mean there are defense contractors who are going to be laying off workers, there are all kinds of negative ramifications to all of this. but the white house apparently is ready to take the jump. >> well, they are certainly ready to say it. the republicans have a weaker hand than i thought they would originally have about a couple months ago, but the idea that president obama wants to start his second term by plunging the country into a recession, a huge sell off in the stock market, and by being perceived as generally sort of willing to play chicken with the economy doesn't sound like a brilliant political move to me. jon: you think that's all talk? >> i think it's a game of chicken, i really do. i think that the republicans would probably get a lot of blame in the beginning, and that's maybe what they are thinking of and they are trying to scare the republicans, but over the long term there is just no way this administration wants to go over
FOX News
Dec 6, 2012 11:00am EST
the conversation on the fiscal cliff. meantime we're awaiting new reaction from white house press secretary jay carney. there is a live look at the podium in the west wing. you can see it is empty right now. jay carney should be stepping up to the microphone momentarily and we expect the topic a is going to be the fiscal cliff and the white house position on it. let's talk about it with angela mcglowan, fox news political analyst. you have been in washington. >> for a very long time. jon: i'm not going to say that. you're way too young to have been there a long time but you know how these things work. >> yes. jon: is this all political posturing? is there stuff really going on behind the scenes that we don't know about or hear about? >> this is political theater at its best. anytime both sides offer a plan that's when the negotiating process starts. the optimist here. i do believe we will come to a deal, jon. i think you will see a lot more political posturing but you are having policy wonks behind the scenes crunching the numbers so they can work out a deal. jon: well the president has said th
CNN
Nov 29, 2012 1:00pm PST
and republican side on the fiscal cliff. some breaking news on what the white house asked for and whether republicans are going to give it to them. we're going to talk about that. back to you. >> we'll be watching you top of the hour. thanks so much. >> up next, the vice president of the united states, joe biden, goes shopping and eating. >> get fat just walking through this store. >> the vp visited costco, but needed some help with his shopping list. jeanne moos shows us why. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million membe
CNN
Nov 29, 2012 2:00am PST
a private lunch at the white house today. it suspected they will be sharing ideas about the fiscal cliff and growing speculation there may be a role for romney in the obama administration. >>> if you played powerball in arizona and missouri, you could be filthy rich. two tickets, one in each state, matched all six numbers. the holders will split a record $588 million. >> how long do you think before they come forward? >> i don't know. i would wait personally. >> a couple weeks, yep. >>> new york city nanny accused of murdering two children in her care has pleaded not guilty to those crimes. the killings of the children last month sent shockwaves throughout a city where many working parents rely on nannies to watch their kids. it sent shockwaves across the nation. yet's hearing took place in a hospital where the nanny is being treated for self-inflicted stab wounds. >>> seattle police released dash cam video of a suspect allegedly beaten by officers during his arrest. he was held down on the back on the hood of a car. his attorney says excessive force was used. >>> the retail chain has be
PBS
Nov 28, 2012 6:00pm PST
. >> thank you. >> brown: after the election, it's all fiscal cliff, right? let's talk about how the white house is using social media and online efforts on that issue. >> it's as if this massive social media machine that propelled barack obama into office never stopped moving. and you found that at the white house today where he gave a speech talking about the fiscal cliff, introducing the hashtag-- which is a way of grouping something-- my2k, which is a playoff of waoeubgt, ther of y2. he's saying if you don't do something you are going to have to pay as middle-class taxpayers, $2,000 allegedly. >> if congress doesn't stop the automatic tax hikes. >> brown: but this was in the context of a whole week where he's making his play, right? but doing it online? >> it's fascinating with the president of the united states building it around a twitter campaign, we've come to take that for granted but i did a little search for this my2k. on twitter. barack obama comes up second. you know what comes up first? the conservative heritage foundation which bought a promoted tweet, which means theirs goe
FOX Business
Dec 5, 2012 1:00pm EST
% savings. melissa: as washington is in the middle of this tumultuous fiscal cliff negotiations from a white house looking for more money in the terms of emotions the aid request rebuilding efforts. still willing from super storm sandy here in the northeast. peter barnes in washington with the latest on that effort. speaker according to "the new york times" for white house will be looking for about $50 billion to help rebuild from hurricane sandy. officials testifying declined to comment that number but they did say the white house will be sending in disaster relief bill up to congress by the end of the week. the three hardest hit states: new york, new jersey and connecticut alone are seeking $80 billion in federal help. the administration is teeing up a big request. >> much of the impact of sandy go beyond fema programs. fema's assistance is limited, maximum benefits of individual family could receive is about $31,000 if they have no assurance. others that will not rebuild destroyed or damaged home to did not have insurance. >> woke up to this headline. u.s. denies aid to the maryland storm
FOX News
Dec 5, 2012 6:00pm PST
ne geithner announced of of the white house that we would, quote, absolutely go over the fiscal cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're negotiating publicly among themselves while true conservatives and tea party members are being removed from ke
NBC
Dec 1, 2012 5:00am PST
at the white house with more. >> reporter: exactly one month ago to avoid the fiscal cliff and after a period of optimism and what we have right now is a typical white house standoff. visiting a toy factory outside philadelphia, president urged congress to act and avoid the fiscal cliff. if not, taxes go up for everyone, including the middle class. >> that is like the lump of coal you get for christmas. that's a scrooge christmas. >> reporter: the president has started a new campaign for votes in congress. a grassroots effort on twitter and a friday trip in swing distri districts. allow rates to rise on the upper 2% of earners while extending lower rates for everyone else. >> it is not acceptable for you for the handful of republicans and democrats in congress to hold tax cuts hostage because they don't want tax rates to go up on upper income folks. >> reporter: mr. obama's opening bid includes $1.6 trillion in new revenue. half from higher rates in the wealthy. cuts in medicare and $50 billion in new infrastructure spending. when tim geithner laid out the plan for mitch mcconnell, aides on b
FOX News
Nov 30, 2012 6:00am PST
committee after republicans slapped the whole fiscal cliff plan came from the white house yesterday. here's the speaker. no substantive progress has been made between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line, the american economy is on the line and this is a moment for adult leadership bill: there were certainly sharp new reaction from republicans to a white house plan to avoid the fiscal cliff. this is the opening play by the president. here is house speaker john boehner who says that weeks of talks have gone nowhere. melissa: two weeks ago we had very product testify conversation at the white house but based on where we stand today i would say two things. first, despite the claims that the president supports a, a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. bill: the speaker considers that just absolutely wasted time. kentucky democratic congressman john yarmout
FOX News
Dec 6, 2012 2:00am PST
makes a deal on this. but his point man on fiscal cliff negotiations took a much different tone if republicans don't negotiate on revenue band tax rates on upper earners the white house is ready to go right over the cliff. >> is the administration prepared to go over the fiscal cliff? >>> oo absolutely. >> the president had support on raising tax rates on upper income earners. republicans have support the putting more emphasis on government spending rather than just simply raising taxes. the republican leaders in congress meantime who also met with business leaders yesterday said they have already offered to raise taxes by cutting deductions for upper earners an the president has yet to counter their proposal. >> i will be ready to sit down with the president to get serious about the problem. >> it is possible the white house could be bluffing the administration ordered the pentagon to begin considering the big spending cuts that would hit military spending if in fact we goefr the cliff. >> back to you. >> doug luzader, thank you. >>> we heard what the lawmakers are saying but w
FOX
Dec 2, 2012 5:00pm PST
ticking and the fiscal cliff looping closure he says the white house will only agree to a plan that includes higher tax rates. >> if they are going to force higher rates on all americans because they are unwilling for 2% of the americans, that is a choice they have to make. >> reporter: calling for $1.6 trillion in tax revenue. he insists the tax cuts must expire for the wealthiest americans. >> what we did is put forward a very carefully designed mix of tax reforms to put us on a path to fixing the debt. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget patrol. it is $1.6 trillion. >> reporter: and expressing frustration with the lack of progress. >> i would say we are nowhere. >> reporter: he disagrees, pointing out the administration offered $600 billion in cuts to healthcare and other programs. he remains optimistic a deal will be made. ktvu channel 2 news. >> republicans who met with susan rice last week continued to blast her today but her harshest critic said the attack in benghaz
FOX News
Nov 29, 2012 8:00am PST
, saying he is slightly pessimistic. he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most
FOX Business
Dec 6, 2012 7:00pm EST
geithner may have frightened people yesterday saying the white house is prepared to go off the fiscal cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frightened republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes across the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming that gives him the executive power to raise the debt limit himself, but jay said today the white house studied that proposition and decided the president does not have that executive power meaning we headed for another show down with congress over raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and
CNBC
Dec 5, 2012 4:00am EST
. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my pancakes.
CNN
Dec 2, 2012 3:00pm PST
party. you're a republican, he's democrat. 30 days and counting until we go over the fiscal cliff unless congress in the white house cuts a deal to avoid tax cuts. it sounds like two groups of people are looking at two different sets of numbers. take a look. >> we prefer to do upfront alongside a deal that includes raising rates on americans. we are prepared to do a meaningful amount of spending on the saving side, not just to avoid the damage of the sequester but to help reduce our long-term deficit. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each othe
NBC
Dec 5, 2012 6:30pm EST
the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. s
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